Buying With the Bitcoin Crowd

Metro Money: Anne Kadet Goes Looking for Help in Understanding the Digital Currency

By

Anne Kadet

Jan. 24, 2014 8:42 p.m. ET

East Side chiropractor Steven Schram isn't your typical spine man. The intellectual adventurer has a Ph.D. in chemistry and a passion for computer programming. But what really sets him apart? The doctor is accepting Bitcoin, the nascent digital currency backed by no government and recognized by few banks. It's a bit of a risk, he admits. If the currency's value tumbles, he's out of luck.

On the other hand, he hasn't had much opportunity for financial derring-do. While he offers a 10% discount to patients who pay in...